All Forum Posts by: Curtis Gabhart

KW COMMERCIAL | Gabhart Real Estate Advisors presents:

"Evaluating Commercial Properties 101"

Thinking of getting into or doing more commercial real estate? Oftentimes people who are new to commercial real estate hear things about DSCR, CAP Rates, NOI's, and GRMs, etc., and feel overwhelmed by these acronyms. This course will help you understand what they mean and how to calculate these figures to help you analyze commercial transaction.

Topics covered:

• Value of Property: What is it and how is it determined?
• Getting to the NOI
• I have the NOI, now what?
• CAP, GRM, CPU, Cost per SF
• Lending Basics Leverage, LTV, DSCR
• Cash on Cash Return (ROI)
• Weaknesses of these indicators

Registration is $25. Door prices at $30. All proceeds will be donated to Autism Tree Project Foundation (ATPF).

Seats are limited! Sign up today and get a free spreadsheet for analysis!

Register here:

https://evaluatingcommercialproperties-101.eventbrite.com/

Get $5 off by entering code CRE-BP. Contact us at 858-356-5973 for questions.

The presentation will be put on by Curtis Gabhart & Mark Goldman from SDSU.

Mark Goldman has been a loan officer in San Diego since 1991. He has a degree in real estate finance from the University of Connecticut. Mark has a Certified Commercial Investment Member [CCIM] designation from the CCIM Institute. He has authored several books on real estate financial analysis and given seminars on real estate financial analysis and financial planning topics. Mark also teaches real estate finance at SDSU. His areas of expertise include analyzing financing alternatives and searching for specialized loan programs. Mark has been a “Certified Community Home Buyers’ Program” instructor. He can help to maximize your home purchasing power or achieve your refinancing goals.

Curtis Gabhart has been a successful Real Estate professional for nearly 2 decades. He has a Certified Commercial Investment Member [CCIM] designation from the CCIM Institute.He is a Director at Keller Williams Commercial Brokerage and President of Gabhart Investments, Inc, a privately held real estate investment firm that manages a syndication of private investors, specializing in acquiring and renovating single and multi-family properties. He also serves on the Commercial Advisory Board at the University of San Diego Burnham-Moores Center for Real Estate and he teaches commercial real estate courses for the California Association of REALTORS® and San Diego Association of REALTORS®. He has been recognized by members of Congress, California State Senators, the City of San Diego, and had a day named after him in the County of San Diego for his community service and dedication to the community. He was awarded as the Dealmaker of the Year for 2015 in Retail and Multi-Family category.

KW COMMERCIAL | Gabhart Real Estate Advisors presents:

"Evaluating Commercial Properties 101"

Thinking of getting into or doing more commercial real estate? Oftentimes people who are new to commercial real estate hear things about DSCR, CAP Rates, NOI's, and GRMs, etc., and feel overwhelmed by these acronyms. This course will help you understand what they mean and how to calculate these figures to help you analyze commercial transaction.

Topics covered:

• Value of Property: What is it and how is it determined?
• Getting to the NOI
• I have the NOI, now what?
• CAP, GRM, CPU, Cost per SF
• Lending Basics Leverage, LTV, DSCR
• Cash on Cash Return (ROI)
• Weaknesses of these indicators

Registration is $25. Door prices at $30. All proceeds will be donated to Autism Tree Project Foundation (ATPF).

Seats are limited! Sign up today and get a free spreadsheet for analysis!

Register here:

https://evaluatingcommercialproperties-101.eventbrite.com/

Get $5 off by entering code CRE-BP. Contact us at 858-356-5973 for questions.

The presentation will be put on by Curtis Gabhart & Mark Goldman from SDSU.

Mark Goldman has been a loan officer in San Diego since 1991. He has a degree in real estate finance from the University of Connecticut. Mark has a Certified Commercial Investment Member [CCIM] designation from the CCIM Institute. He has authored several books on real estate financial analysis and given seminars on real estate financial analysis and financial planning topics. Mark also teaches real estate finance at SDSU. His areas of expertise include analyzing financing alternatives and searching for specialized loan programs. Mark has been a “Certified Community Home Buyers’ Program” instructor. He can help to maximize your home purchasing power or achieve your refinancing goals.

Curtis Gabhart has been a successful Real Estate professional for nearly 2 decades. He has a Certified Commercial Investment Member [CCIM] designation from the CCIM Institute.He is a Director at Keller Williams Commercial Brokerage and President of Gabhart Investments, Inc, a privately held real estate investment firm that manages a syndication of private investors, specializing in acquiring and renovating single and multi-family properties. He also serves on the Commercial Advisory Board at the University of San Diego Burnham-Moores Center for Real Estate and he teaches commercial real estate courses for the California Association of REALTORS® and San Diego Association of REALTORS®. He has been recognized by members of Congress, California State Senators, the City of San Diego, and had a day named after him in the County of San Diego for his community service and dedication to the community. He was awarded as the Dealmaker of the Year for 2015 in Retail and Multi-Family category.

I put on for our local CCIM chapter a monthly happy hour for commercial real estate professionals but we are focused on people who already work in the industry either through ownership, brokerage, or vendors. 
We hold in in Carmel Valley

I like industrial even though traditionally a majority of my transactions are in multi-family. Industrial has higher CAP rates right now over apartments but is also under supplied. If someone is actually giving you swear equity in buildings that have Amazon as a tenant you will regret it forever if you owed it up.

What's up Rob... I'm refinancing one of my buildings through mission fed and if you give me a call I'll give you my contact person. My recommendation is to start a relationship with a local bank but overall if your loan is less than 750 your rate will be higher. An option is to use whatever leverage you can get so you get the best rate and put the additional money you were wanting to put down into a safe and liquid investment in case you need to draw on it. This will accomplish what you are trying to do as long as you won't touch the money while giving you the best rates possible. Also I don't know of any lenders that offer 15 year amortizations but I'm sure they would make an exception. Good luck

You should calculate your pre-paid because it is money going out and then if you sell before those are completely paid you will get a credit when you sell.

First I'm wondering why you need a ccim for a temporary lease BUT if that's what you want goto the CCIM site and they are all listed there. Good luck

There are two primary things they look at. The loan to value which is never less than 80% unless it is a hard money loan or other very rare circumstances or The Debt Coverage Ratio DCR which will vary depending on property type (I.e. Retail, multi family, industrial etc.), the market your in and the borrower but a safe number is a 1.2 DCRz The DCR basically is the ratio of net income needed after all expenses including mortgage vs your mortgage. So for easy math if your loan is $100,000 per year your NOI at 1.2 DCR needs to be at least $120.000. Hope Thad helps

I'm not sure I fully understand you question but as far as depreciation goes a commercial property is depreciated over 39 years and residential property (single family homes and apartment buildings) are 27.5 years. It doesn't matter who the tenant is.

I teach as a way of giving back to the community.  All proceeds for any of my courses are always donated a charitable cause.  So for me it isn't about making money at all.  I have been fortunate enough to have had good mentors and I am simply paying it forward.